Recent Updates — STRRP

Star Equity Holdings acquired a Vernal, Utah-based machine shop providing welding, repair, and machining services for drilling equipment. The transaction closed on October 23, 2026, with aggregate consideration of $500,000 in cash and the issuance of 110,000 shares of Series A Preferred Stock. This acquisition integrates in-house capabilities into Star's Energy Services division, enhancing operational support for oil and gas customers in the Uinta Basin. Star Equity Holdings is a diversified holding company operating divisions in building solutions, business services, energy services, and investments.

Star Equity Holdings, Inc. entered into a merger agreement to acquire Harte Hanks, Inc. for $5.00 per share, valued at approximately $38.4 million based on fully diluted shares. Consideration consists of cash and Star Series A Preferred Stock, with aggregate cash capped at $19.2 million. The transaction is expected to generate $10 million in annual cost synergies and leverage Star's $215 million net operating losses. Closing requires Harte Hanks stockholder approval and debt financing.

Star Equity Holdings, Inc. reported financial results for the second quarter ended June 30, 2026, on August 14, 2026. Revenue increased 54.6% to $54.9 million from $35.5 million in the prior year period. The company posted a net loss attributable to common shareholders of $2.5 million, or $0.66 per diluted share, compared to a $0.7 million loss in Q2 2025. Adjusted EBITDA rose to $2.2 million from $1.3 million. Building Solutions revenue was $14.6 million with a backlog of $10.6 million. Business Services generated $36.4 million in revenue, while Energy Services contributed $3.9 million. The company holds approximately $8.9 million in cash and has $1.6 million remaining under its share repurchase program. Star Equity Holdings is a diversified holding company operating in building solutions, business services, energy services, and investments.